Greek alternate Athens Exchange Group has moved nearer to adopting a Sui-based order e book following its collaboration with Mysten Labs.
On April 16, the Sui (SUI) workforce introduced that Athens Exchange Group, or ATHEX, had finalized the technical design for an onchain fundraising platform that can leverage zero-knowledge proofs on the Sui blockchain.
ATHEX’s ZK-powered fundraising platform will assist the inventory alternate improve its providing with privateness and velocity, bolstering its progress in conventional capital markets.
This nod to blockchain innovation and integration follows Sui contributor Mysten Labs’ partnership with the Athens Exchange Group in March 2024.
The collaboration between the 2 platforms goals to leverage their respective ecosystems to ship the technical design for ATHEX’s Digital Ebook Constructing (EBB), the alternate’s fundraising characteristic. By tapping into Sui’s know-how and tooling, the corporate will have the ability to combine zero-knowledge proofs into EBB’s bidding course of.
Presently, Athens Exchange Group and Mysten Labs are eyeing a proof of idea, with this a key milestone in direction of constructing the primary onchain order e book for a inventory alternate.
“The focus on privacy-preserving mechanisms, combined with Sui’s unparalleled speed and security, will enable us to build a state-of-the-art PoC that can evolve into a full-fledged onchain order book, setting a new benchmark for the industry,” stated Dr. Kostas Kryptos Chalkios, Chief Cryptographer and Co-Founding father of Mysten Labs
ATHEX will profit from a platform that mixes privacy-preserving mechanisms, velocity and safety.
Sui’s capability to scale and deal with transactions in parallel, with industry-leading throughput will probably be essential to the inventory alternate.
“By integrating zero-knowledge proofs, we aim to uphold the highest standards of compliance and data integrity while boosting operational efficiency for all market participants,” stated Nikos Porfyris, chief working officer at Athens Exchange Group.
Sui is the tenth largest blockchain by complete worth locked per DeFiLlama with over $1.18 billion in TVL.
